Guideline Value

Corporate

Guideline Value for Prithivipakkam Road

₹4000/sq.ft.

The guideline value for Prithivipakkam Road in Ambattur village (Ambattur SRO, Chennai zone) is Rs 4000 per sq.ft, effective 1 July 2024. It was Rs 3700 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4000 /sq.ft.
From 1-4-2023 ₹3700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2479 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Prithivipakkam Road

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Prithivipakkam Road guideline value

The current guideline value of Prithivipakkam Road is Rs 4,000 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village and falls under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Prithivipakkam Road has changed

The guideline value for Prithivipakkam Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,479 per sq.ft. The 2023 revision increased the value to Rs 3,700 per sq.ft, and the most recent 2024 revision raised it further to Rs 4,000 per sq.ft, marking an 8% increase from the previous year.

In summary, from 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, making the current value of Prithivipakkam Road above the median.

Stamp duty and registration fee for property in Prithivipakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, while the registration fee at 2% would be Rs 80,000, bringing the total fees to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Prithivipakkam Road?

The Sub Registrar Office that covers Prithivipakkam Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ambattur

The guideline value is a crucial factor during the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Prithivipakkam Road?

The current guideline value of Prithivipakkam Road is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,479 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2024, with various revisions in between. The most recent increase was an 8% rise from 2023 to 2024.

What are the other streets in Ambattur with similar guideline values?

Other streets in Ambattur with a guideline value of Rs 4,000 per sq.ft include Prithivipakkam Loyer canal Road, Prithivipakkam Upper canal Road, and Prithivipakkam 4th Avenue, among others.

What are the stamp duty and registration fees for properties on Prithivipakkam Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,60,000.

Which office handles property registrations for Prithivipakkam Road?

The Ambattur Sub Registrar Office is responsible for property registrations on Prithivipakkam Road, located at Villivakkam Panchayat Union Board, Dunlop Bus Stop, Ambattur-600 053, Chennai.